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ANALYSIS

STR Global posts Europe's hotel development pipeline report for May 2011

Sunday, July 3, 2011, 10:00 Hrs  [IST]
By HBI Staff | Mumbai

The Europe hotel development pipeline comprises 802 hotels totalling 131,536 rooms, according to the May 2011 STR Global Construction Pipeline Report. among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline at 21.7 per cent of the pipeline with 28,504 rooms. Two other segments each made up more than 15 per cent of rooms in the total active pipeline: the Unaffiliated segment (19.3 per cent with 25,376 rooms) and the Upper Mid-scale segment (19 per cent with 25,045 rooms).

Chain Scale
Existing Supply
In Construction
Total Active Pipeline*
Luxury
60,919
5,949
12,684
Upper Upscale
219,866
11,060
18,720
Upscale
520,404
14,350
28,504
Upper Midscale
302,179
10,279
25,045
Midscale
297,802
2,993
8,086
Economy
193,462
5,418
13,121
Unaffiliated
2,358,250
8,605
25,376
Total
3,952,882
58,654
131,536

*  Includes those projects in the In Construction, Final Planning and Planning phases.

 
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